Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.029%

Price spread now: Nado against edgeX−0.080%62s7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1691.685% of the position

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.072%−$7 on $10k

Price spread, last 4 days (all we have)+0.285%+$28 · spread now −0.080%, 7d avg −0.017%

Together, before fees+0.213%+ Points / potential airdropedgeX: Active · Nado: Active · farm board+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Nado is 0.063% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.017%). Swap the legs. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX VVVUSDC	31.145	0.0112	pay 0.0056% / 4h	1h 37m	$77K	$334K	10x
Short	Nado VVV-PERP	31.120	0.0100	get 0.0012% / 1h	37m 54s	$132K	$846K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee NadobpOrdersPrice spread, now −0.080%Rate

Funding earned: −$2.44
Price spread: −0.080% → −0.017%: −$6.26
Slippage, 4 orders: −$152.52
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$177.22
Costs to cover: 1.685%
Break-even: never at this rate

Slippage from edgeX: live order book, 25 min ago; Nado: live order book, 25 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 25 min ago	0.96 bp	99.0 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 25 min ago	5.43 bp	23.9 bp −$24	88.8 bp −$888	doesn't fit	doesn't fit

VVV on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx VVV/USDC	−0.0152%	1h	31.110	−0.111%	$382K	$644K	5x	as long as short
Gate VVV_USDT	−0.0106%	4h	31.110	−0.112%	$10.4M	$6.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.137	−0.024%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.132	−0.041%	$23K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0026%	1h	31.117	−0.089%	$134K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.379%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0040%	1h	31.127	−0.057%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0079%	4h	31.089	−0.179%	$1.3M	$1.7M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.125	−0.064%	$2.1M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.107	−0.121%	$460K	$1.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.085	−0.193%	$3K	$73	5x	as long as short
Nado VVV-PERPshort	+0.0100%	1h	31.120	−0.080%	$132K	$846K	3x
Hyperliquid VVV	+0.0100%	1h	31.156	+0.036%	$71.4M	$51.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.131	−0.045%	$251K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.111	−0.110%	$186K	$161K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.139	−0.019%	$33.1M	$146.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.141	−0.013%	$38.4M	$50.0M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.138	−0.022%	$4.8M	$38.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.140	−0.015%	$6.3M	$6.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.122	−0.073%	$1.9M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.118	−0.086%	$5.7M	$8.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.144	−0.003%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.151	+0.020%	$2.0M	$246K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.126	−0.062%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.133	−0.038%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.151	+0.020%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.133	−0.040%	$6K	—	3x	as long as short
edgeX VVVUSDClong	+0.0112%	4h	31.145	long leg	$77K	$334K	10x
Kalshi KXVVVPERP	+0.0134%	8h	31.128	−0.054%	$106K	$6.2M	1.7x	as long as short
Phoenix VVV	+0.0153%	1h	31.144	−0.003%	$38K	$264K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.105	−0.127%	$139K	$1.3M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0175% / S +0.0125%	1h	31.128	−0.055%	$561K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0210%	1h	31.157	+0.038%	$113K	$311K	5x	as long as short